BP Write-downs Could Foretell More Asset Sales

Dow Jones

Jul 14

0833 GMT - BP could be laying the groundwork for more asset sales with its latest write-downs of about $1 billion in its transition businesses, RBC Capital Markets' Biraj Borkhataria and Adnan Dhanani say. The U.K. energy major disclosed the charges in an update that otherwise showed a strong performance in the second quarter, the analysts say in a research note. "Call it pre-divestment window dressing...better to take the hit now than show explicit value destruction at the point of sale," the analysts say. "We believe both LightsourceBP and Archaea could face the chopping block--although not formally announced by the company as far--and see no place for either in BP's portfolio long term." BP shares rise 3.2%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

July 14, 2026 04:33 ET (08:33 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2651758991"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2651758991\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2651758991?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-14 16:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2651758991","market":"nz","top_or_hot":-1,"title":"BP Write-downs Could Foretell More Asset Sales","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0833 GMT - BP could be laying the groundwork for more asset sales with its latest write-downs of about $1 billion in its transition businesses, RBC Capital Markets' Biraj Borkhataria and Adnan Dhanani say. The U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. energy major disclosed the charges in an update that otherwise showed a strong performance in the second quarter, the analysts say in a research note. \"Call it pre-divestment window dressing...better to take the hit now than show explicit value destruction at the point of sale,\" the analysts say. \"We believe both LightsourceBP and Archaea could face the chopping block--although not formally announced by the company as far--and see no place for either in BP's portfolio long term.\" BP shares rise 3.2%. (adria.calatayud@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 14, 2026 04:33 ET (08:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BP Write-downs Could Foretell More Asset Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBP Write-downs Could Foretell More Asset Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-14 16:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0833 GMT - BP could be laying the groundwork for more asset sales with its latest write-downs of about $1 billion in its transition businesses, RBC Capital Markets' Biraj Borkhataria and Adnan Dhanani say. The U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. energy major disclosed the charges in an update that otherwise showed a strong performance in the second quarter, the analysts say in a research note. \"Call it pre-divestment window dressing...better to take the hit now than show explicit value destruction at the point of sale,\" the analysts say. \"We believe both LightsourceBP and Archaea could face the chopping block--although not formally announced by the company as far--and see no place for either in BP's portfolio long term.\" BP shares rise 3.2%. (adria.calatayud@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 14, 2026 04:33 ET (08:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BP","symbol_name":"英国石油","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651758991","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651758991","pubTimestamp":1784017980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0833 GMT - BP could be laying the groundwork for more asset sales with its latest write-downs of about $1 billion in its transition businesses, RBC Capital Markets' Biraj Borkhataria and Adnan Dhanani say. The U.K. energy major disclosed the charges in an update that otherwise showed a strong performance in the second quarter, the analysts say in a research note. \"Call it pre-divestment window dressing...better to take the hit now than show explicit value destruction at the point of sale,\" the analysts say. \"We believe both LightsourceBP and Archaea could face the chopping block--although not formally announced by the company as far--and see no place for either in BP's portfolio long term.\" BP shares rise 3.2%.  Dow Jones NewswiresJuly 14, 2026 04:33 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BP":"英国石油"},"translate_title":"英国石油公司减记可能预示着更多资产出售","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BP":1.5},"content_text":"0833 GMT - BP could be laying the groundwork for more asset sales with its latest write-downs of about $1 billion in its transition businesses, RBC Capital Markets' Biraj Borkhataria and Adnan Dhanani say. The U.K. energy major disclosed the charges in an update that otherwise showed a strong performance in the second quarter, the analysts say in a research note. \"Call it pre-divestment window dressing...better to take the hit now than show explicit value destruction at the point of sale,\" the analysts say. \"We believe both LightsourceBP and Archaea could face the chopping block--although not formally announced by the company as far--and see no place for either in BP's portfolio long term.\" BP shares rise 3.2%. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 14, 2026 04:33 ET (08:33 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}